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Daily Briefing

The US Secretary of State met with the Chinese President, Ukraine confirms it has driven Russian forces from an eighth village, and Goldman Sachs cuts forecasts for China's growth.

Plus, the Paris air show returns with jets and missiles in demand.

By Kate Turton

Today's Top News

US Secretary of State Antony Blinken meets with Chinese President Xi Jinping in the Great Hall of the People in Beijing, China, June 19, 2023. REUTERS/Leah Millis/Pool

Antony Blinken met with Xi Jinping, wrapping up a rare and pivotal trip to Beijing that was aimed at ensuring the many disputes between the superpowers do not spiral into conflict. Blinken becomes the first US secretary of state to meet the Chinese leader since 2018.
British lawmakers are expected to back a report that said former Prime Minister Boris Johnson deliberately misled parliament over rule-breaking parties at the heart of government during coronavirus lockdowns.
A Russian warship and cargo ship rescued 68 people overnight from a boat in the Mediterranean Sea, Russia's Defence Ministry said.
At least 54 people died in a district in the northern Indian state of Uttar Pradesh over the last few days, the Times of India newspaper reported, as authorities probed if the loss of lives was due to the heat wave in the region.
President Joe Biden will visit Palo Alto, California and announce over $600 million in climate investments to help coastal communities around the country fight climate change, a White House official said.

WAR IN UKRAINE

Ukraine said its forces had recaptured Piatykhatky, a village on the road to one of the most heavily defended areas of the Russian-occupied south, and that they had retaken 113 square km (44 square miles) of land in the last two weeks.
Russia reported fierce fighting on three sections of the front line in Ukraine while Ukraine's president praised his troops for repelling enemy advances and said their counter-offensive was progressing well.

Business & Markets

Goldman Sachs analysts have cut forecasts for China's economic growth, citing persistently weak confidence and the cloud over the property market as stronger-than-expected headwinds. China's bankers have been told to shun flashy clothes, 5-star hotels in an austerity drive.
China is widely expected to cut key lending benchmarks on Tuesday in the first such easing in 10 months, a Reuters survey showed, as authorities seek to shore up a slowing recovery in the world's second-largest economy.
Argentina and the International Monetary Fund have a $44 billion dilemma, with the two sides set to meet for crunch talks to revamp the country's huge, wobbling debt deal, key to avoiding default on billions in looming debt payments.
Companies accused of fueling the US opioid crisis have so far paid out more than $3 billion to compensate states, but has any of the money reached the people who need it? It depends where you live.
Farmers in Ukraine's Odesa region have started the 2023 grain harvest, threshing the first winter barley, local officials said. Ukraine is a major global grain grower and exporter, but this year's out is expected to be reduced.
Average two-year fixed mortgage rates for home buyers in Britain hit 6.01%, property data provider Moneyfacts said, taking the key borrowing cost for the housing market to its highest since December 2022.

How U.C. Berkeley tried to buoy enrollment of Black students without affirmative action

Prospective students tour the University of California, Berkeley campus before beginning of the new semester, in Berkeley, California, U.S., June 8, 2023. REUTERS/Carlos Barria/File Photo

The US Supreme Court is expected to rule this month in a pair of cases that could end affirmative action in college admissions nationwide. If that happens, universities that have used race-conscious admissions to boost enrollment of minority students will look to California, one of nine states that already prohibits such considerations at its public colleges.

Sharon Bernstein tells Reuters World News podcast how that decision has played out.

Read more on California's pioneering race-blind college admissions efforts

And Finally...

A demonstration of the Airbus A321 XLR at the International Paris Air Show at the Paris–Le Bourget Airport, France June 19, 2023. Ludovic Marin/Pool via REUTERS

The Paris Airshow, the world's largest airshow, opened with last-minute jet order negotiations and supply chain headaches competing for attention with rows of missiles, drones and futuristic transport.

French President Emmanuel Macron flew in to the packed aerospace bazaar by helicopter.

Read more here: Paris air show returns with jets and missiles in demand

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